Ieq Capital LLC Has $1.15 Million Stake in L3Harris Technologies, Inc. (NYSE:LHX)

Ieq Capital LLC boosted its holdings in shares of L3Harris Technologies, Inc. (NYSE:LHXGet Rating) by 38.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,510 shares of the company’s stock after buying an additional 1,523 shares during the quarter. Ieq Capital LLC’s holdings in L3Harris Technologies were worth $1,146,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. First Republic Investment Management Inc. increased its position in L3Harris Technologies by 10.3% during the third quarter. First Republic Investment Management Inc. now owns 59,747 shares of the company’s stock worth $12,417,000 after buying an additional 5,583 shares during the last quarter. Oak Harbor Wealth Partners LLC acquired a new stake in shares of L3Harris Technologies in the third quarter valued at about $452,000. CIBC Asset Management Inc grew its position in shares of L3Harris Technologies by 7.2% in the third quarter. CIBC Asset Management Inc now owns 26,292 shares of the company’s stock valued at $5,464,000 after purchasing an additional 1,775 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its position in shares of L3Harris Technologies by 10.8% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 1,029 shares of the company’s stock valued at $214,000 after purchasing an additional 100 shares during the last quarter. Finally, YHB Investment Advisors Inc. grew its position in shares of L3Harris Technologies by 0.9% in the third quarter. YHB Investment Advisors Inc. now owns 10,016 shares of the company’s stock valued at $2,082,000 after purchasing an additional 90 shares during the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

L3Harris Technologies Stock Up 0.2 %

Shares of LHX opened at $194.72 on Wednesday. The stock has a market cap of $37.07 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 5.67 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 1.10 and a debt-to-equity ratio of 0.32. L3Harris Technologies, Inc. has a 12 month low of $189.73 and a 12 month high of $279.71. The company has a 50-day moving average price of $211.25 and a two-hundred day moving average price of $224.13.

L3Harris Technologies (NYSE:LHXGet Rating) last posted its earnings results on Thursday, October 27th. The company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.18). L3Harris Technologies had a net margin of 6.71% and a return on equity of 13.18%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the firm posted $3.21 EPS. The business’s revenue was up .4% on a year-over-year basis. Equities analysts predict that L3Harris Technologies, Inc. will post 12.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on L3Harris Technologies in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. lowered their price target on L3Harris Technologies from $260.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, December 12th. Wolfe Research began coverage on L3Harris Technologies in a research report on Monday, October 10th. They issued a “peer perform” rating on the stock. TheStreet cut shares of L3Harris Technologies from a “b-” rating to a “c+” rating in a research note on Tuesday, November 22nd. Finally, Citigroup began coverage on shares of L3Harris Technologies in a research note on Thursday, December 8th. They issued a “neutral” rating and a $250.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $261.14.

Insider Activity

In other news, CEO Christopher E. Kubasik sold 20,000 shares of L3Harris Technologies stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $245.22, for a total value of $4,904,400.00. Following the completion of the transaction, the chief executive officer now owns 98,926 shares in the company, valued at $24,258,633.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Christopher E. Kubasik sold 20,000 shares of L3Harris Technologies stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $245.22, for a total value of $4,904,400.00. Following the completion of the transaction, the chief executive officer now owns 98,926 shares in the company, valued at $24,258,633.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James P. Girard sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $229.38, for a total transaction of $1,146,900.00. Following the completion of the sale, the vice president now directly owns 7,144 shares of the company’s stock, valued at approximately $1,638,690.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,985 shares of company stock worth $6,502,391. Insiders own 1.00% of the company’s stock.

About L3Harris Technologies

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L3Harris Technologies, Inc, an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions.

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Institutional Ownership by Quarter for L3Harris Technologies (NYSE:LHX)

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